Royal Bank Of Canada Has Lowered Expectations for Onex (TSE:ONEX) Stock Price

Onex (TSE:ONEX) had its price target dropped by research analysts at Royal Bank Of Canada from C$139.00 to C$133.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 28.81% from the company’s current price.

A number of other research analysts have also commented on ONEX. TD Securities lowered their price objective on shares of Onex from C$165.00 to C$160.00 in a research note on Monday, November 10th. Scotiabank lifted their price target on Onex from C$153.00 to C$175.00 in a research report on Friday, October 31st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Onex presently has an average rating of “Moderate Buy” and an average target price of C$149.50.

Onex Stock Down 1.7%

ONEX stock traded down C$1.79 during mid-day trading on Monday, hitting C$103.25. 79,708 shares of the company were exchanged, compared to its average volume of 108,769. The company has a current ratio of 17.51, a quick ratio of 2.41 and a debt-to-equity ratio of 49.85. Onex has a twelve month low of C$86.64 and a twelve month high of C$131.38. The firm has a fifty day simple moving average of C$112.13 and a 200 day simple moving average of C$114.93. The company has a market capitalization of C$7.08 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.47 and a beta of 1.07.

Onex (TSE:ONEX) last posted its quarterly earnings data on Friday, February 20th. The company reported C$3.49 earnings per share for the quarter. The business had revenue of C$307.97 million during the quarter. Onex had a net margin of 68.42% and a return on equity of 7.89%. On average, research analysts forecast that Onex will post 0.4443794 earnings per share for the current fiscal year.

Onex Company Profile

Onex Corporation is a private equity investor and asset management firm. The company operates in two main segments: investing, which includes private equity, private credit, and direct investments; and asset and wealth management, which manages pension plans, sovereign wealth funds, insurance companies, and family offices. Investing revenue primarily comes from net gains on corporate investments and CLOs (collateralized loan investments). Asset and wealth management revenue comes primarily from management and performance fees.